Business, 08.04.2020 00:17 mustafakhalil02
Mary Smith took a car loan of $32,000 to pay back in 36 monthly installments at an interest rate of 8%. Compute the loan balance immediately after the 24th payment. Group of answer choices(a) the monthly payment for Mary.
(b) the loan balance immediately after the 24th payment.
(c) the monthly payment for the remainder of the loan if the interest rate is reduced to 9% compounded monthly.
Answers: 1
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Mary Smith took a car loan of $32,000 to pay back in 36 monthly installments at an interest rate of...
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